What is Data Extraction? - Socure Glossary

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Analyze every dimension of a consumer identity to capture up to 90% of fraud in the riskiest 3% of users.

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Identify and isolate synthetic identity risk at enrollment and in existing customer portfolios.

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Predict the risk of an address utilizing various risk intelligence and residency attributes.

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Predict the risk of an email and its correlation to an identity.

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Predict the risk associated with a device while binding known identities to known good devices.

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Predict the risk of a phone number as well as ownership utilizing various risk intelligence and phone number attributes.

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Minimize early payment default, investigate disputes, and gain insights into high risk transactions.

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Automate the customer onboarding process with unrivaled data coverage and industry-leading technology.

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Instantly verify consumer provided name, SSN and DOB with the issuing authority - enhancing compliance and promoting financial inclusion.

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Identify risk by matching identities against sanctions and enforcement lists, as well as PEP and Adverse Media registries worldwide.

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ID Document Verification

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Authenticate government IDs, stop spoofing attacks, drive better decisioning, and approve more good users on the first try.

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Accurately verify account ownership and availability with consortium-powered analytics while supercharging customer conversion and reducing risk.

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Sharing Economy
Ensure trust & safety while instantly onboarding more consumers, sellers, and gig workers without increasing fraud.

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Online Gaming
Maximize player conversion rates and reduce identity fraud losses while maintaining compliance.

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Buy Now Pay Later (BNPL)
Auto-accept more shoppers, attract more merchants, and protect your customers from identity fraud.

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Public Sector
Increase auto-verification rates of eligible individuals, improve program integrity, and eliminate manual reviews.

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Crypto
Verify identities faster and accelerate time to funding, trading, purchase, and storage.

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Workforce
Register and onboard more good applicants with passive identity verification.

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Sponsor Bank
Streamline BaaS management, enhance compliance, simplify partner oversight, and grow your customer base.
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Socure named a Leader in The Forrester Wave
Identity Verification Solutions Q4 2022
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Home Glossary Data Extraction

Data Extraction

Data extraction employs optical character recognition (OCR) to extract data from the front of a government-issued ID document to verify security features, fonts, formats, and digit checks.